Boats, bankers and borders: five symbols that sum up Brexit a decade on
The Guardian Business ·

Ten years ago the UK voted 52% to 48% to leave the European Union , triggering a long and tortuous political process. It took until 1 January 2021 for the country to sever its links to the single …
Ten years ago the UK voted 52% to 48% to leave the European Union , triggering a long and tortuous political process. It took until 1 January 2021 for the country to sever its links to the single market and customs union, but the fractures Brexit left in Britain’s body politic, international relations and economy remain. How to understand such a seismic split? Here we look at five of the touchstones of the 2016 referendum and what they can tell us about the reality that followed the rhetoric. Nissan Sunderland The fate of Nissan’s factory in north-east England was a totemic issue in the run-up to the 23 June 2016 referendum. For leavers, the site near Sunderland symbolised the British manufacturing prowess that allowed it to sell to the world. For remainers, it represented what could be lost. The British car industry was firmly opposed to leaving the EU. Carlos Ghosn, Nissan’s chief executive at the time, argued that remaining made “the most sense for jobs, trade and costs”. The people of Sunderland thought differently, voting by 61% to 39% in favour of Brexit. Theresa May, installed as prime minister in the chaos after the vote, could not publicly admit Brexit threatened jobs at Nissan, giving Ghosn huge leverage. In a deal whose details remained secret for more than two years, the Japanese carmaker was eventually granted £61m in state aid to persuade it to invest in new models. …
Original source: The Guardian Business
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Sunderland · Keir Starmer · Nigel Farage · Donald Trump · European Union · Boris Johnson